How ASX investors can use the WDMF ETF
The iShares WDMF ETF invests in a diversified portfolio of global equities using a specific rules-based multifactor strategy. According to iShares, the four key factors used to select companies for this ETF are quality (financially healthy firms), value (inexpensive stocks), size (smaller companies) and momentum (trending stocks).
This ETF could be used by investors looking for a portfolio of leading global companies, aiming to achieve long-term, factor-driven outperformance. These companies provide long-term growth opportunities and can help to diversify your portfolio outside of Australia.
WDMF meets our minimum market cap (FUM) criteria
The iShares WDMF ETF had $142.07 million of money invested when we last pulled the monthly numbers. Given WDMF’s total funds under management (FUM) figure is over $100 million, the ETF has met our minimum criteria for the total amount of money invested, otherwise known as FUM. We draw the line at $100 million for ETFs in the International shares sector because we believe that relative to smaller ETFs, achieving this amount of FUM de-risks the ETF.
WDMF ETF fees explained
iShares charges investors a yearly management fee of 0.35% for the WDMF ETF. This means that if you invested $2,000 in WDMF for a full year, you could expect to pay management fees of around $7.00.
For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.5% or around $10.00 per $2,000 invested. Keep in mind, small changes in fees can make a big difference after 10 or 20 years.
Putting it all together
If you’re weighing up investing in WDMF, keep in mind that this is just a brief introduction to the ETF. To supercharge your research, take a look at our free iShares WDMF report. Then, consider searching our complete list of ASX ETFs for similar ETFs in the International shares sector to compare your options.
